Dr. Bruce Johnstone was invited in June 2013 to lecture at a conference, Financing Higher Education, at Lazarski University, sponsored by the US Economy and Trans-Atlantic Relations Institute of Lazarski University. His lecture was entitled: Student Loans Worldwide: Critical Options and Issues. The lecture began with a quandary: On the one hand, the increasing need […]
Dr. Bruce Johnstone was invited in June 2013 to lecture at a conference, Financing Higher Education, at Lazarski University, sponsored by the US Economy and Trans-Atlantic Relations Institute of Lazarski University. His lecture was entitled: Student Loans Worldwide: Critical Options and Issues. The lecture began with a quandary: On the one hand, the increasing need for cost-sharing in its various forms and thus the need for student loans to allow students to invest in their higher education and to bring in revenue to supplement increasingly scarce and inadequate tax revenues. On the other hand, most student loans programs in the world have failed to provide a robust and sustainable stream of revenues. The lecture illustrated why most student loan schemes fail, observing that the problems were mainly both predictable and avoidable and concluded with nine principles of workable student loan programs.
